Double-digit growth in net orders in its x-ray products and oncology systems businesses produced gains in revenues for Varian Medical Systems in its fiscal second quarter.
Revenues for the second quarter (end-March 31) grew 19% to $527.6 million, compared with $442.6 million in the second quarter of 2007. Net earnings climbed 17% to $71.3 million, compared with $61 million in the same quarter a year ago.
In the company's fiscal second quarter, oncology systems revenues totaled $421 million, up 17% from the second quarter of the last fiscal year. Revenues in the x-ray products business, including tubes and digital flat-panel detectors, were up 14% to $75 million, compared to the same quarter a year ago.
For the six-month period, revenues totaled $986.1 million, a 19% gain over $830.5 million in the same period of fiscal 2007. Net earnings rose 15% to $126.8 million, compared with $110.5 million in the same period a year ago.
Given its results midway through fiscal 2008, the Palo Alto, CA-based radiation therapy firm anticipates 12-month revenues could grow by 15% to 16% over fiscal 2007.
Related Reading
Varian touts 60-plus orders for RapidArc, April 24, 2008
Varian launches case management software, March 21, 2008
Varian forms clinical council, March 20, 2008
Varian runs with the bulls in Spain, February 12, 2008
Varian, BrainLab win Novalis Tx orders, January 24, 2008
Copyright © 2008 AuntMinnie.com
